Multifamily - Debt

NorthMarq Capital

NorthMarq Capital’s Long Island office arranges $5.4 million refinance for Medford, New York multifamily property

NEW YORK CITY (May 10, 2018) – Charles Cotsalas, senior vice president/senior director of NorthMarq Capital’s Long Island regional office, and Robert Ranieri, senior vice president/managing director of NorthMarq Capital’s Rochester office, collaborate to negotiate the $5.4 million refinance of Medford Landing, a 102,144 sq. ft. multifamily property located at 100-500 Addison Place in Medford, New York. The transaction was structured with a 10-year term. NorthMarq arranged financing for the borrower through its seller/servicer relationship with Freddie Mac.

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of $13 billion, loan servicing portfolio of more than $55 billion and the multi-year tenure of our more than 500 people.